Forex Distance Trading

The forex distance trading was submitted in 2015. It is a simple to use trading system which is advised to even forex beginners. It was developed by a trader known as Mark in 2015 and it has proven to be of great help to traders.

It is designed to be used with the 15 minutes timeframe. However, the trader may choose to use a timeframe that is higher than 15 minutes but he or she should not use a lower timeframe. The trading system is designed for use to trade any currency pair.

The forex distance trading uses a combination of indicators which includes:

Heiken Ashi –responsible for giving the bull and bear candlesticks different colors. The bull candlesticks are aqua in color while the bear candlesticks are yellow in color.

Line Ask Bid – this generate two lines; one for the ask price while the other for the bid price

Spread Time -This displays the spread and the current time at the bottom of the main trading chart.

Forex Distance (half-length 35, 0, 0, deviation 0.35) – this generates a channel with the top channel line being green and the lower channel line being red in color.

Forex Distance (half-length 35, 0, 0, deviation 0.15) – this generates a narrower channel inside the one that is generated by the Forex Distance (half-length 35, 0, 0, deviation 0.35). The upper line of the channel is aqua while the lower line is yellow in color.

Forex Trade (period 9, factor 1 0, 33- factor 2 0, 66) – this is displayed on a separate chart below the main trading chart and it generates three line based on moving averages. The three lines are of different colors and they have different periods. One line is red, the other is green and the other is blue. The trader should look out for the crossing of the three lines.

This trading system is based on two envelopes. It comes with its own template which displays all the indicators that are required in this trading strategy. The indicators are well displayed on the trading chart in such a way that it is not had to interpret; making it very is even for the trading beginners.

How to use Forex Distance Trading to place orders.

When to place a Buy order

The buy signal is given when the market price breaks the Heiken Ashi turns aqua and the previous candlestick had touched the lower yellow line of the Forex Distance (half-length 35, 0, 0, deviation 0.15). The trader should also ensure that the green line of the Forex Trade (period 9, factor 1 0, 33- factor 2 0, 66) is above all the other lines.

When to place a Sell order

The sell signal is given when the market price breaks the Heiken Ashi turns yellow and the previous candlestick had touched the upper aqua line of the Forex Distance (half-length 35, 0, 0, deviation 0.15). The trader should also ensure that the green line of the Forex Trade (period 9, factor 1 0, 33- factor 2 0, 66) is below all the other lines.

When the price broken the upper band wait that the green line of the forex trade indicator is below the blue line.